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Some Important advantages of setting up a cooperative society
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[QUOTE="Mastergp, post: 274417, member: 85422"] Some Important advantages of setting up a cooperative society. Encouragement of savings: Co operative societies encourage saving habits among their members Democratic in Nature: Each member of the society has equal say in the organization. Members are entitled to one man one Vite, irrespective of share held. Render financial Assistance to member: They can mobilise funds needed for business investment and expansion by giving loans to members. Improve members standard of living: They improve the standard of living of their members by providing goods which they cannot buy on their own example electronics, land etc. Ensure low rice of Goods: They buy from producers and sell to members at low prices hence the middlemen and the attendant high prices of goods are by passed. The Educate their members: Co operative society also provides technical information to their members about the best methods of production example farmer co operative. [/QUOTE]
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Some Important advantages of setting up a cooperative society
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